The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Bangladesh Scaling-up Renewable Energy Project (P161869) SOUTH ASIA | Bangladesh | Energy & Extractives Global Practice | IBRD/IDA | Investment Project Financing | FY 2019 | Seq No: 4 | ARCHIVED on 03-Dec-2020 | ISR44382 | Implementing Agencies: Infrastructure Development Company Limited (IDCOL), People's Republic of Bangladesh, Sustainable and Renewable Energy Development Authority (SREDA), Electricity Generation Company of Bangladesh (EGCB) Key Dates Key Project Dates Bank Approval Date: 01-Mar-2019 Effectiveness Date: 08-Dec-2019 Planned Mid Term Review Date: 01-Oct-2021 Actual Mid-Term Review Date: Original Closing Date: 31-Jan-2024 Revised Closing Date: 31-Jan-2024 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The Project Development Objective is to increase installed generation capacity of, and mobilize financing for, renewable energy in Bangladesh. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Components Table Name Feni Utility-scale Solar PV:(Cost $89.17 M) Renewable Energy Financing Facility (REFF):(Cost $320.23 M) Technical Assistance:(Cost $3.64 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Moderately Satisfactory Overall Risk Rating Moderate Moderate Implementation Status and Key Decisions The Project was approved by the World Bank Board on March 1, 2019. The Project became effective on December 8, 2019. Implementation activities are under way, but have faced some challenges due to the Covid-19 pandemic. 12/3/2020 Page 1 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Substantial Moderate Moderate Macroeconomic Moderate Moderate Moderate Sector Strategies and Policies Moderate Low Low Technical Design of Project or Program Substantial Moderate Moderate Institutional Capacity for Implementation and Substantial Moderate Moderate Sustainability Fiduciary Substantial Substantial Substantial Environment and Social Substantial Substantial Substantial Stakeholders Moderate Low Low Other -- Substantial Substantial Overall Substantial Moderate Moderate Results PDO Indicators by Objectives / Outcomes Increased installed capacity of renewable energy IN00920452 ►Generation capacity of energy constructed or rehabilitated (Megawatt, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 310.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 IN00920454 Renewable energy generation capacity (other than hydropower) constructed under the project (Megawatt, Corporate Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 310.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 Financing mobilized for renewable energy IN00920453 ►Private capital mobilized (US$) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target 12/3/2020 Page 2 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Value 0.00 0.00 0.00 120,000,000.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 Comments: This indicator measures the amount of private finance leveraged by the REFF. Overall Comments PDO As Project implementation is at an early stage, there are no results yet to report under the PDO and Intermediate Results Indicators. It is expected that some initial results can be reported in the next ISR. Intermediate Results Indicators by Components Feni Utility-Scale Solar PV IN00920455 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 58,000.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 IN00920458 ►Number of women employed in the Project by EGCB and its EPC contractor (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 40.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 This indicator measures the number of women employed in the Project by EGCB and its EPC contractor, Comments: including women from the local communities that are thus gaining alternative livelihood. Renewable Energy Financing Facility IN00920456 ►Net greenhouse gas emissions (Tones/year, Corporate) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 319,000.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 IN00920459 ►Investment mobilized for renewable energy generation capacity (US$) (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target 12/3/2020 Page 3 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) Value 0.00 0.00 0.00 212,000,000.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 This indicator measures the investment mobilized by the REFF from other sources for renewable energy Comments: generation capacity (US$) IN00920461 ►REFF portfolio at risk (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 4.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 Comments: Percentage of non-performing loans in the IDCOL managed REFF sub-project portfolio. IN00920462 ►Share of end-users expressing satisfaction with rooftop PV systems due to the improvement in electricity service (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 75.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 The indicator measures the share of REFF rooftop PV sub-project end-users expressing satisfaction with Comments: rooftop PV systems, due to the improvement in electricity service in terms of quality (e.g. interruptions/unavailability) and cost of electricity. IN00920463 ►Share of women benefiting from outreach initiatives by IDCOL (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 20.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 This indicator measures the share of women benefiting from outreach activities by IDCOL. This includes Comments: women participating in marketing, training, capacity building, outreach, awareness raising etc. activities of IDCOL. Technical Assistance IN00920457 ►Waste-to-energy pilot construction completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No No Yes Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 This indicator monitors whether the waste-to-energy pilot supported by Component 3 has been Comments: completed. IN00920460 12/3/2020 Page 4 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) ►Share of women benefiting from capacity building by SREDA (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 30.00 Date 01-Jan-2019 14-May-2020 19-Nov-2020 31-Jan-2024 This indicator measures the share of women benefiting from capacity building by SREDA. This includes Comments: women participating in training, capacity building, outreach, awareness raising etc. activities of SREDA. Overall Comments IR Component 1 construction works have not started yet, and EPC procurement process is still under way. No sub-projects have been completed yet under Component 2 and outreach activities have been delayed by Covid-19. SREDA component became effective in June 2020 and activities are still in planning and consultant selection stages. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P161869 IDA-63630 Effective USD 156.00 156.00 0.00 0.19 159.17 0.1% P161869 TF-A7640 Effective USD 26.38 26.38 0.00 0.00 26.38 0% P161869 TF-A9036 Effective USD 2.87 2.87 0.00 0.00 2.87 0% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P161869 IDA-63630 Effective 01-Mar-2019 29-Aug-2019 08-Dec-2019 31-Jan-2024 31-Jan-2024 P161869 TF-A7640 Effective 01-Mar-2019 29-Aug-2019 08-Dec-2019 31-Jan-2024 31-Jan-2024 P161869 TF-A9036 Effective 01-Mar-2019 29-Aug-2019 27-Jun-2020 31-Jan-2024 31-Jan-2024 Cumulative Disbursements 12/3/2020 Page 5 of 6 The World Bank Implementation Status & Results Report Bangladesh Scaling-up Renewable Energy Project (P161869) PBC Disbursement Achievement Disbursed amount in Disbursement % PBC ID PBC Type Description Coc PBC Amount Status Coc for PBC Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 12/3/2020 Page 6 of 6